Results 6,261-6,280 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Just coming up to two minutes there, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: I wouldn't even say his words. I will let Mr. Fitzpatrick use his own language in his response.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: All right, fair enough.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: I think the question can be reframed. Can you comment on the role of the Financial Regulator and what they played in the period leading up to the crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Well, it's not a case of letting him away or anything else-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Okay, I'm going to hold it there, because we are slipping outside of the directions here that was given to Mr. Fitzpatrick as well. So I just need to ask you to move to your final question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Okay, thank you. I just want to move into two issues, then I'm going to take the wrap up. Can I maybe ask you one brief question and Mr. Cullen and Mr. Fitzpatrick can answer that? In the firm's opinion, did the external audit fulfil its role or not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Mr. Cullen?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: On a related matter, and as I mentioned earlier, this committee will have finding of recommendations when we conclude in November. One proposed recommendation that was put to us was put by Professor Bill Black earlier, back in February 2015, and it was in a response to a question put by Deputy Phelan actually at the time, and a follow up to an earlier question. And Deputy Phelan was asking...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Okay, thank you. Wrapping up, Deputy McGrath.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: If there was evidence external to the bank, for instance, that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Senator O'Keeffe.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Alright, Mr. Fitzgerald, I just want to bring matters to conclusion, so-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Sorry, Mr. Fitzpatrick, sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: My porridge I had this morning is after wearing off. Okay, it's agreed that the notes highlighting the risks, concentrations, etc., were included in the accounts. We covered that ground earlier. So we can take that as agreed, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Alright. Notwithstanding this, the bank continued with the strategies adopted that's very much the narrative of your position today as well, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Okay. So in that regard, how effective do you feel the communication of these risks were to Ulster Bank and could you have provided more clarity or direction to them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Okay, alright, fair enough. Thank you for that. I'm going to bring matters to a close. Is there anything else you'd like to add, Mr. Fitzpatrick or Mr. Cullen?